Amendment to Memorandum & Articles of Association pursuant to name change of the company
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LGT Business Connexions Limited has received shareholder approval through postal ballot to change its name to 'LGT Global Hospitality Limited'. The change, approved on April 10, 2026, aims to better reflect the company's evolving business focus on hospitality and travel services. The company clarified this is purely strategic and does not affect its legal status, operations, or obligations. Additionally, shareholders approved regularization of Mr. Dhawal Padmakar Bhute and Mr. Chintan Virendra Chheda as Non-Executive Directors, both with extensive experience in travel, tourism, and international business. Mrs. Namrata Kalanouria was appointed as Independent Director for a 5-year term (March 2026 to March 2031), bringing over 10 years of corporate law and compliance experience. The name change will become effective upon receipt of fresh Certificate of Incorporation from ROC.
The name change signals a strategic pivot towards hospitality and travel services, which could positively impact brand perception. The new directors' expertise in travel, tourism, and corporate compliance may strengthen the company's operational capabilities in its focused vertical.